Convert and Swap Tether USDT to Moroccan Dirham MAD
USDT/MAD: 1 Tether equals MAD 10.01 MAD
Last update: 4:30 AM, December 23, 2024
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Tether is falling this week.
The current price of Tether is MAD 10.01 per USDT. With a circulating supply of 139,848,269,931.163 USDT, it means that Tether has a total market cap of MAD 1,400,108,698,120.59. The amount of Tether traded has fallen by MAD 155,156,588,358.99 in the last 24 hours, which is a 12.51% decrease. Additionally, in the last day, MAD 1,240,447,374,785.95 worth of USDT has been traded.
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About Tether
Tether (USDT) is an Ethereum token that is pegged to the value of a U.S. dollar (also known as a stablecoin). Tether’s issuer claims that USDT is backed by bank reserves and loans which match or exceed the value of USDT in circulation. Important note: at this time, Coinbase only supports USDT on the Ethereum blockchain (ERC-20). Do not send USDT on any other blockchain to Coinbase.
Tether (USDT) is a digital currency platform that was launched in 2014 with the aim of facilitating the use of traditional fiat currencies in a digital format. It seeks to provide a more modern approach to money, disrupting the conventional financial system. Tether has made strides by enabling customers to transact with traditional currencies across the blockchain, without the typical volatility and complexity associated with digital currencies. Tether's USD₮ token is a digital dollar, powered by blockchain technology, and is pegged 1:1 to the USD. This stablecoin provides individuals and organizations with a robust and decentralized method of exchanging value while using a familiar accounting unit.
Tether operates as digital tokens built on several leading blockchains, including Algorand, Avalanche, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, Kava, and Statemine. These transport protocols consist of open-source software that interfaces with blockchains to allow for the issuance and redemption of Tether tokens. Every Tether token is backed 100% by Tether's reserves, and Tether publishes a record of the current reserve assets, maintaining transparency.
Tether's unique feature is that its value is guaranteed to remain pegged to the U.S. dollar. This property makes Tether a safe haven for crypto enthusiasts during periods of high volatility, as they can park their portfolios in Tether without having to completely cash out into USD. Additionally, Tether provides a simple way to transact a U.S. dollar equivalent between regions, countries, and even continents via blockchain, without having to rely on a slow and expensive intermediary, like a bank or a financial services provider.
Tether, initially known as Realcoin, was launched in 2014 by Brock Pierce, Reeve Collins, and Craig Sellars. Brock Pierce is a renowned entrepreneur who has co-founded several high-profile projects in the crypto and entertainment industries. Reeve Collins was the CEO of Tether for the first two years of its existence and has co-founded several successful companies. Craig Sellars has been a member of the Omni Foundation for over six years and has worked in several other cryptocurrency companies and organizations. Over the years, Tether has faced controversies regarding the validity of their USD reserves, at times disrupting USDT’s price. Despite these challenges, Tether has continued to grow and expand its operations.
How Tether and Moroccan Dirham differ
Tether (USDT) and Moroccan Dirham (MAD) are both forms of currency, but they operate in fundamentally different ways. Tether, launched in 2014, is a digital currency platform that aims to facilitate the use of traditional fiat currencies in a digital format. It's a stablecoin, meaning its value is pegged 1:1 to the USD, providing a robust and decentralized method of exchanging value using a familiar accounting unit. Tether operates as digital tokens built on several leading blockchains, and every Tether token is backed 100% by Tether's reserves. On the other hand, the Moroccan Dirham is the official currency of Morocco, a traditional fiat currency regulated by the Moroccan government and not tied to blockchain technology. Unlike Tether, the value of the Moroccan Dirham can fluctuate based on various economic factors and isn't pegged to another currency. While Tether provides a way to transact a U.S. dollar equivalent globally via blockchain, the Moroccan Dirham is primarily used within Morocco and must be exchanged when used internationally.
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USDT to Moroccan Dirham conversion tables
The exchange rate of Tether is decreasing.
The current value of 1 USDT is MAD 10.01 MAD. In other words, to buy 5 Tether, it would cost you MAD 50.06 MAD. Inversely, MAD 1.00 MAD would allow you to trade for 0.0999 USDT while MAD 50.00 MAD would convert to 4.9942 USDT, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 0.06%. Meanwhile, in the last 24 hours, the rate has changed by 0.05%, and that the the highest exchange rate of 1 USDT to Moroccan Dirham was MAD 10.05 MAD and the lowest 24 hour value was 1 USDT for MAD 10.01 MAD. This time last month, the value of 1 USDT was MAD 10.09 MAD, which is a 0.22% increase from where it is now. Looking back a year, Tether has changed by MAD 9.90 MAD. That means that in a single year, the value of Tether has shrank by 0.14%.
USDT to MAD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
MAD 10.04 MAD | -0.05% | MAD 9.96 MAD | -0.06% | MAD 10.09 MAD | -0.22% | MAD 9.90 MAD | -0.14% |
USDT to MAD
Amount | Today at 4:30 am |
|---|---|
0.5 USDT | MAD 5.01 |
1 USDT | MAD 10.01 |
5 USDT | MAD 50.06 |
10 USDT | MAD 100.12 |
50 USDT | MAD 500.58 |
100 USDT | MAD 1,001.15 |
500 USDT | MAD 5,005.76 |
1,000 USDT | MAD 10,011.53 |
MAD to USDT
Amount | Today at 4:30 am |
|---|---|
0.5 MAD | 0.0499 USDT |
1 MAD | 0.0999 USDT |
5 MAD | 0.50 USDT |
10 MAD | 1.00 USDT |
50 MAD | 4.99 USDT |
100 MAD | 9.99 USDT |
500 MAD | 49.94 USDT |
1,000 MAD | 99.88 USDT |
Today vs. 24 hours ago
Amount | Today at 4:30 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 USDT | MAD 5.01 | MAD 5.01 | -0.06% |
1 USDT | MAD 10.01 | MAD 10.02 | -0.06% |
5 USDT | MAD 50.06 | MAD 50.09 | -0.06% |
10 USDT | MAD 100.12 | MAD 100.17 | -0.06% |
50 USDT | MAD 500.58 | MAD 500.86 | -0.06% |
100 USDT | MAD 1,001.15 | MAD 1,001.71 | -0.06% |
500 USDT | MAD 5,005.76 | MAD 5,008.57 | -0.06% |
1,000 USDT | MAD 10,011.53 | MAD 10,017.14 | -0.06% |
Today vs. 1 month ago
Amount | Today at 4:30 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 USDT | MAD 5.01 | MAD 5.02 | -0.22% |
1 USDT | MAD 10.01 | MAD 10.03 | -0.22% |
5 USDT | MAD 50.06 | MAD 50.17 | -0.22% |
10 USDT | MAD 100.12 | MAD 100.34 | -0.22% |
50 USDT | MAD 500.58 | MAD 501.70 | -0.22% |
100 USDT | MAD 1,001.15 | MAD 1,003.39 | -0.22% |
500 USDT | MAD 5,005.76 | MAD 5,016.96 | -0.22% |
1,000 USDT | MAD 10,011.53 | MAD 10,033.93 | -0.22% |
Today vs. 1 year ago
Amount | Today at 4:30 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 USDT | MAD 5.01 | MAD 5.01 | -0.16% |
1 USDT | MAD 10.01 | MAD 10.03 | -0.16% |
5 USDT | MAD 50.06 | MAD 50.14 | -0.16% |
10 USDT | MAD 100.12 | MAD 100.27 | -0.16% |
50 USDT | MAD 500.58 | MAD 501.37 | -0.16% |
100 USDT | MAD 1,001.15 | MAD 1,002.73 | -0.16% |
500 USDT | MAD 5,005.76 | MAD 5,013.66 | -0.16% |
1,000 USDT | MAD 10,011.53 | MAD 10,027.31 | -0.16% |
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